InTest Corporation (INTT) Q3 Earnings Surpass Estimates

Company Performance - InTest Corporation (INTT) reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, but down from $0.28 per share a year ago, representing an earnings surprise of 42.86% [1] - The company posted revenues of $30.27 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.18% and down from $32.66 million year-over-year [2] - Over the last four quarters, InTest has surpassed consensus EPS estimates three times but has topped consensus revenue estimates only once [2] Stock Performance - InTest shares have declined approximately 47.3% since the beginning of the year, contrasting with the S&P 500's gain of 19.6% [3] - The current Zacks Rank for InTest is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $33.63 million, and for the current fiscal year, it is $0.35 on revenues of $130.42 million [7] - The outlook for the Electronics - Measuring Instruments industry, where InTest operates, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]